Looking good. Yesterday we couldn't close below the 50sma but today we did. We also made a lower high and a lower low, then closed near the low of the day.
Stochastics are still in the mid-range, so plenty of runway to go lower.
I was considering adding to our position but Friday will be Non-Farm Payroll day and today is Wednesday. So I'd expect tomorrow will be a pretty flat day; probably a Doji candle.
Then we'll get a reaction to the NFP Report on Friday morning before the market open. There's no telling what the reaction will be ahead of time, so its better to keep the position light. If we get a sizable reaction in our favor, then we'll probably hit our target rather quickly.
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